In Assessing the Risk on ABS, Rating Agencies Ignore Asset

question 11

True/False

In assessing the risk on ABS, rating agencies ignore asset risks, structural risks, third parties to the structure, and the legal structure.

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Definitions:

Revolutionary Social Movement

A collective attempt to enact major changes in society's structure and norms through radical actions.

Egypt

A country in North Africa, known for its ancient civilization, pyramids, and the Nile River.

Le Bon

A reference to Gustave Le Bon, a French social psychologist best known for his work on crowd psychology and the psychology of revolution.

Large Crowds

refers to gatherings of a considerable number of individuals in a specific location, which can influence behavior, mentality, and social dynamics.